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The latest Global Trends in Renewable Energy Investment 2017 report finds that, despite investment in renewable energy in 2016 falling 23% to $241.6 billion compared to 2015, last year saw record amounts of clean power capacity added.
For selected commercially available renewable energy technologies compared to non-renewable energy costs – cost development, 2010 – 2015.
Storage technology is now available for different stages of development, varying project scales, and for meeting both short and long-term energy storage needs.
A full range of storage technologies.
A very basic graphic representation of the key elements of future renewablebased power systems using smart-grid technology.
Increasing the share of renewables in the power sector requires additional infrastructural changes and new ways of managing the power grid.
The power, transport and heating sectors are currently developing in separate silos, which on the surface makes sense given their different energy sources and infrastructure requirements.
Global consumption of energy for transport has increased by an average of 2% annually since 2000 and accounts for about 27% of overall energy consumption.